9 Companies Aim to Mobilize 
26,300cr Using Tax Free Bonds
Investors in India can put their money in fixed Deposits for up to five years. But at times of renewal they may face the risk of lower interest rates if growing rates in the economy are poorer. More over the income on Fixed Deposits are not tax free. Hemant Rustagi, CEO, Wiseinvest Advisors, a Mumbai-based wealth advisory firm said, "Compared to traditional debt instruments, this is one instrument which is risk-free, tax-free and offers long-term investment opportunity". Only for investors the annual interest incomes from theses bonds will be tax free.
These bonds will provide easy liquidity to investors and will also be listed on bourse. In the current scenario by means of interest rates the only competing fixed income product available in the market is the PPF but again there is a limit of 
1 lakhs per person per year in this investment tool.
